GE unveils GE Marine organization

JANUARY 29, 2015 — GE (NYSE: GE) has unveiled its new GE Marine organization. Led by Tim Schweikert, VP, GE Marine, the new organization brings together GE's commercial and technological expertise in the marine sector from gas turbines and diesel engines to motors and generators, variable speed drives and drilling systems to automation and control systems and all the electrical equipment in between.

GE Marine combines this with system integration capabilities and a global infrastructure—including training and service facilities—close to customers' operations.

"It's the breadth and depth of experience we are bringing together, imagining new solutions to emerging industry challenges and adapting world-class technologies from GE's industrial portfolio that will give GE Marine an added edge to consistently bring our customers the best marine solutions," said Mr. Schweikert. "GE offers highly advanced technology that enables our customers to operate in some of the world's harshest environments."

GE Marine builds on the foundations laid out by the GE Global Offshore Marine organization established in 2013 to provide integrated solutions to GE's offshore customers. Evolving with the industry and its customer needs, GE Marine puts more than marine experts at their service.

"Today's announcement reflects how GE's focus is on growing its marine business around strong technology platforms," said Joe Mastrangelo, CEO, GE's Power Conversion business. "Our customers will benefit from a highly integrated, technologically rich solution for a wide range of marine applications. From the most advanced frigates to the largest luxury cruise liners to the hardest-working FPSOs, we power, propel and position the marine industry."

GE says it is also building the industrial Internet for its customers. "The deeper meshing of the digital world with that of the marine industry provides the potential to bring about profound industry transformation, most notably in the areas of predictability, shipbuilding and marine propulsion," it says.

"By creating a one-stop shop for our marine customers, we are better positioned to help them succeed in an increasingly competitive world. This new organization will leverage expertise and technology from across GE's global businesses, expand our capabilities and provide solutions that will lower operating costs and make the next generation of ships more efficient and environmentally friendly," said John Rice, Vice Chairman, GE.